Aigen Investment Management LP Decreases Position in HF Sinclair Corporation (NYSE:DINO)

Key Points

• Aigen Investment Management LP has reduced its position in HF Sinclair Corporation by 57.5%, resulting in ownership of 26,903 shares worth approximately $885,000.
• HF Sinclair's stock has received varied ratings from analysts, including a strong-buy upgrade from Raymond James and a downgrade to underperform from Wolfe Research.
• The company recently announced a quarterly dividend of $0.50 per share, translating to an annual yield of 4.6%.

Aigen Investment Management LP reduced its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 57.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,903 shares of the company's stock after selling 36,328 shares during the quarter. Aigen Investment Management LP's holdings in HF Sinclair were worth $885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of HF Sinclair by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 246,732 shares of the company's stock worth $8,648,000 after buying an additional 6,162 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in HF Sinclair by 24.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company's stock worth $4,196,000 after acquiring an additional 23,856 shares during the period. Cerity Partners LLC lifted its stake in HF Sinclair by 105.4% in the fourth quarter. Cerity Partners LLC now owns 64,809 shares of the company's stock worth $2,351,000 after acquiring an additional 33,258 shares during the period. Renaissance Technologies LLC lifted its stake in HF Sinclair by 80.9% in the fourth quarter. Renaissance Technologies LLC now owns 144,905 shares of the company's stock worth $5,079,000 after acquiring an additional 64,800 shares during the period. Finally, Sterling Capital Management LLC lifted its position in shares of HF Sinclair by 52.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,435 shares of the company's stock valued at $331,000 after buying an additional 3,259 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DINO shares. Morgan Stanley raised their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. TD Cowen increased their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Piper Sandler downgraded shares of HF Sinclair from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $53.00 to $51.00 in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Finally, Scotiabank raised their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.91.

HF Sinclair Price Performance

DINO stock traded up $0.23 during midday trading on Friday, reaching $44.77. The stock had a trading volume of 1,440,690 shares, compared to its average volume of 2,471,098. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $49.92. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $42.89 and its 200 day simple moving average is $36.73. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -97.33 and a beta of 0.97.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%. The company's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently -434.78%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.